Figure 10.2 Efficient Sustainable Yield for a Fishery Benefits and Costs of Fishing Effort dollar…
Figure 10.2 Efficient Sustainable Yield for a Fishery Benefits and Costs of Fishing Effort dollar… | savvyessaywriters.org
Figure 10.2 Efficient Sustainable Yield for a Fishery Benefits and Costs of Fishing Effort dollars) Tangent Total Costs Benefits Quantity of L Fishing Em Ec Effort (units) Using Figure 10.2 answer the following questions a. How does an increase in the price of Bluefin Tuna effect the efficient sustainable yield? Why? (4 points) b. How does an increase in the price of Bluefin Tuna effect the harvest assuming it is an open access fishery? Why? (4 points) c. Over time technological change has reduced the cost of fishing. How would this effect the efficient sustainable yield? Why? How would this effect effort in an open access fishery? Why? (6 points)
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